Alan Collins
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Alan Collins posted a blog post

EURUSD - 13 day moving average to platform gains.

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…See More
yesterday
Alan Collins posted a blog post

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.See More
Wednesday
Alan Collins's blog post was featured

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…See More
Tuesday
Alan Collins's blog post was featured

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…See More
Monday
Alan Collins's 2 blog posts were featured
Nov 14
Alan Collins's 2 blog posts were featured
Nov 12
Alan Collins's blog post was featured

USDCAD - Despite setback, Sentiment is Positive

Initial demand took USDCAD to the most positive levels traded for 5 years last week. Although last week ended with some sharp profit taking, a 2nd positive weekly performance in a row, bullish daily & weekly Keltner channels and the support of the 13 day moving average keep the focus on the topside with targets of 1.1400 and 1.1468.…See More
Nov 10
Alan Collins posted a blog post

EURGBP - Negative - dominated by Marabuzo lines

For a 3rd day in a row, yesterday saw demand falter and reverse at a Marabuzo line created last Friday. That level currently coincides with the 13 day moving average so the resistance is magnified. Yesterday's upside rejection came from a lower open and so the result was an almost unchanged close. But despite the indecision that normally highlights, and a failure to hold below .7800,the weakness of the bounce means sentiment is left negative targeting .7798/99 and .7782.…See More
Nov 7
Alan Collins's blog post was featured

GBPUSD - Powerful rejection of the lows leaves sentiment positive

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from open to close. Overall in fact, there has been only minor movement over the last 5 days. Although this means that sentiment is not strong, yesterday's bounce sets the tone for intraday signals with a move above the key 13 day moving average increasing positive momentum. Our targets are 1.6024 and…See More
Nov 6
Alan Collins's 2 blog posts were featured
Nov 5
Alan Collins's blog post was featured

EURGBP - Gradual recovery to extend this week.

The rally from last month’s 2 year low extended last week. This 2nd up week in succession was a tentative move dominated by Monday’s gains and uncomfortable above .7900. In fact the last 5 trading days have oscillated around the important 13 day moving average. Although this clearly highlights a degree of uncertainty, and Friday’s close was marginally below the average line, 3cA studies are left mildly positive with potential through .7900 to .7932.…See More
Oct 13
Alan Collins's blog post was featured

USDCAD - Testing key Averages - Downside break expected this week

The sequence of 3 up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year’s top, 1.0949. The most negative performance for 7 weeks resulted from this price action. This downside stalled on Friday around the 13/100/200 day moving averages and this introduces a note of caution but sentiment is left negative with only  the moving averages standing between a test of the top of both the daily and weekly Ichimoku Cloud patterns, 1.0800/20 area.…See More
Aug 18
Alan Collins's blog post was featured

GBPUSD - Bullish Hammer pattern targets higher levels

Although a new 2 month low was posted in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle charts which, especially ahead of a key 50% correction point, leaves immediate sentiment as positive. The bounce is likely to be temporary, especially while the 13 day average is intact, but sentiment is assessed as positive with potential to 1.6825, 1.6847 and 1.6866.…See More
Aug 13
Alan Collins's blog post was featured

USDCHF - Stalled near Cloud - Setback likely this week

An initial move to 7 month highs proved temporary. Profit taking was attracted above .9100 and the resulting pullback left prices virtually unchanged on the week – the 2nd such week in a row. It is the upside rejection though that has given technical signals a negative tone, although the stalling on Friday at the 13 day moving average is a concern. So potential exists for a profit taking setback to .8971/91 or even .8916.3cAnalysis.com…See More
Aug 11
Alan Collins's blog post was featured

EURGBP - Morning Star points higher this week

Although the bulk of last week's price action showed marginal movement, the week ended with a powerful move higher. Friday’s gains – the most aggressive daily performance since March – dominated price action breaking an important Marabuzo line, testing the top of a now rising Keltner channel and, most importantly, completed a Bullish Morning Star pattern on weekly charts. This formation often signals a complete change of sentiment and so we see potential through .8011 to .8050 with .8124 behind…See More
Aug 4
Alan Collins's blog post was featured

USDCAD - Platformed by average - gains to extend this week

Following a week of indecisive trading, last week saw a renewal of investor demand. This continued the rally from this month’s low and took USDCAD to the highest levels for 5 weeks. This move was dominated by Friday’s powerful gains and although a failure to break through the 200 day avg or the Marabuzo line created 5 weeks previously concerns, the support offered by the 13 day avg last week, and a move to the top of a rising Keltner channel gives scope for the upside to extend to 1.0857 and…See More
Jul 28

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

EURUSD - 13 day moving average to platform gains.

Posted on November 21, 2014 at 6:56am 0 Comments

For a 2nd day in succession trading was volatile yesterday but without follow through in either direction. The downside was protected by the 13 day moving average but gains curtailed short of 1.2600. This price action means immediate signals for sentiment cannot be strong but by remaining above the 13 day line and the Marabuzo line created Tuesday, 3cA studies are positive. Potential exists through 1.2570 to 1.2600 or even 1.2623.…

Continue

GBPUSD - Channel remains negative, targeting 1.5573

Posted on November 19, 2014 at 6:59am 0 Comments

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.…

Continue

GBPCHF - Temporary bounce has further to run

Posted on November 18, 2014 at 7:27am 0 Comments

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…

Continue

EURUSD - Further profit taking expected. 1.2686 targeted this week

Posted on November 17, 2014 at 8:38am 0 Comments

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…

Continue

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